605 Gill Ave - Apartments FOR SALE


Knoxville, TN 37917- Fourth & Gill
$735,000 USD
865-300-6161
605 Gill Ave, Knoxville, TN for Sale
$735,000 USD
Apartments - FOR SALE
1/11
null | 4% Cap Rate

605 Gill Ave
Knoxville, TN 37917
Fourth & Gill


HIGHLIGHTS

  • Downtown Knoxville
  • Historic District

OVERVIEW

This property offers a unique blend of historic charm and modern convenience, located in one of Knoxville's most desirable districts. Whether you're a seasoned investor or looking to start your portfolio, 605 Gill Avenue provides an excellent opportunity to own a piece of Knoxville's history while generating steady rental income. Property Overview: Historic 4th and Gill District, near Downtown Knoxville 4 Plex | 3,164 sq ft (2) Downstairs units: 1-Bedroom Units (under 12 mo leases) (2) Upstairs units: 1 bed 1 bath w/ washer & dryer connection (Unoccupied) and 1 bed 1 bath - both vacant share an upstairs Balcony Convenient parking options include Off-Street Parking, On-Premise Parking, and On-Street Parking. Plenty of room to create a parking pad in the rear of the property. Roof is 14 years old. Owner has replaced water heaters and AC units in 2023. Unit 1 has slight slope from home setteling has been reinforced with support piers in basement. Estimated improvements needed about $25K Owner selling because he has 3 commercial projects in 2025..

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

4

PRICE/UNIT

$183,750

CAP RATE

4%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R2

APN/PARCEL ID

081MK-002

ASK ABOUT THIS PROPERTY

Shawn KingUnited Real Estate SolutionsMore Info
865-300-6161

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Shawn KingUnited Real Estate SolutionsMore Info
865-300-6161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.